Not likely matter too much

What does this mean for rates?  It's a bit of a double edged sword actually.  If the Fed doubles down on its recent campaign of policy tightening, that would be bad for rates in and of itself.  But it would also likely be bad for stocks, and the stock sell-off has created a bit of buying demand for safer-haven bonds.  Bond buying results in lower rates, all other things being equal.  This alone wouldn't be enough for a major drop in rates, but if stocks remains spooked, it could help rates avoid rising as quickly as they otherwise would be, given the Fed's policy outlook. 

https://www.mortgagenewsdaily.com/markets/mortgage-rates-01252022